Stifel Nicolaus Cuts Monster Beverage (NASDAQ:MNST) Price Target to $90.00

Monster Beverage (NASDAQ:MNST) had its price objective decreased by Stifel Nicolaus from $92.00 to $90.00 in a report published on Thursday morning, MarketBeat Ratings reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on MNST. Wells Fargo & Company dropped their price objective on shares of Monster Beverage from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada set a $86.00 target price on Monster Beverage in a research note on Thursday, April 9th. Evercore increased their target price on Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their price target on Monster Beverage from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, TD Cowen cut their price target on Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.55.

Monster Beverage Stock Up 0.9%

Monster Beverage stock opened at $78.23 on Thursday. The firm has a market capitalization of $76.50 billion, a PE ratio of 40.32, a P/E/G ratio of 2.71 and a beta of 0.51. Monster Beverage has a 52 week low of $57.86 and a 52 week high of $87.38. The firm’s 50-day simple moving average is $77.05 and its 200 day simple moving average is $75.51.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts expect that Monster Beverage will post 2.29 EPS for the current fiscal year.

Institutional Trading of Monster Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC lifted its stake in shares of Monster Beverage by 2.8% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after purchasing an additional 133 shares during the period. Williams Jones Wealth Management LLC. grew its position in shares of Monster Beverage by 2.2% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock valued at $470,000 after purchasing an additional 134 shares during the period. Root Financial Partners LLC grew its position in shares of Monster Beverage by 2.8% in the first quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock valued at $361,000 after purchasing an additional 137 shares during the period. D.A. Davidson & CO. increased its stake in Monster Beverage by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares during the last quarter. Finally, Earned Wealth Advisors LLC increased its stake in Monster Beverage by 3.8% in the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after purchasing an additional 151 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.